When you set up payroll remittances,the Balance Forward amounts -

Name: When you set up payroll remittances,the Balance Forward amounts -
Brand: Quizplus
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Question

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Balance Forward amounts are the same as the opening trial balance liability amounts for that date. This ensures that the correct liabilities are being remitted to the appropriate authorities. The balance forward date may or may not be the same as the fiscal start date, so option C is not correct. Option D is also not correct because only option A is correct.

When You Set Up Payroll Remittances,the Balance Forward Amounts -